Crossing Swords with Foreclosures

Posted on April 15, 2009
Filed Under Mortgage | Leave a Comment

Crossing swords with foreclosures has made Ian Hirsch build up a thriving enterprise assisting the borrowers in trouble by telling them not to let go of their homes but to hang on.

People are in dire straits battling recession. To help them the government at all levels is taking action to provide tax and mortgage relief. The flow of frozen credit would also ease the situation and the administration is taking steps to thaw the ice so that people can start getting loans again. But the point is – are the people actually getting the promised help and the break? Here is where Ian plays a leading role.

Ian Hirsch is a patient man with a continuous smile as he responds to one call after another listening to tales of despair. Anybody else would have said that there was no hope. He steadily works on each case breaking down the stubbornness of faceless companies. His efforts has made life once more meaningful for a 71 year old woman who is a widow and does not want much but to live out the rest of her years in her house that has been her home for years.

Hirsch works as a debt adjuster and manages Fortress Credit Services. There are only two local companies in this field and works with a Nevada State license. His company is one of these. About a year ago he discovered that he could use his persuasive powers to use by talking with the banks and lenders and by also telling the foreclosure victims not to despair but to wait and watch. He has been explaining to lenders the benefits of modifying mortgages as against the negative points of pursuing foreclosures. With 10 staffers he has handled 300 clients in 2008. Two thirds of those cases he has taken up are still running but so far none has lost the house.

Hirsch spends a lot of time debating and confusing replies coming from some of the biggest financial houses in the nation. He is trying to make sense of all the rescue efforts that are rolling in including the latest ones from the Obama administration and trying to see which scheme suits whom.

Some of the clients of Hirsch work in casinos earning tips. Others had played small roles as clerks and loan processors during the time of the housing boom. There are many elders with fixed incomes struggling with high mortgage interest rates. Over half of his clients are delinquent on their loans.

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